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Duplex Investment Opportunity in Cleveland

1204 Ansel Road, Cleveland, OH 44108

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For Sale

$274,900

MULTI_FAMILY - Cleveland, OH

Property size:

2,658 SF

Lot size:

0.09 Acres

Price / SF:

$103/SF

HighLights

High Cap Rate: Property delivers over a 10% cap rate, presenting a strong investment opportunity.
Immediate Income: One unit is already occupied with a long‑term tenant (20+ years) providing consistent rental income.
Updated & Move‑in Ready: The second unit has been updated and is ready for a new tenant, maximizing rental potential.
Spacious Units: Both units are very spacious with 4 bedrooms each, offering ample living space.
Prime Location: Conveniently located minutes from the Cleveland Clinic, downtown Cleveland, and major freeways.
Lead Safe Certified: Property is Lead Safe certified.

We can help!

Listing Contact

Iris Wheeler

For Sale

$274,900

MULTI_FAMILY - Cleveland, OH

Property size:

2,658 SF

Lot size:

0.09 Acres

Price / SF:

$103/SF

Added:: Apr 25, 2026
Days on Market:: 47
Last Refresh:: Jun 10 at 9:06 am

Property Features for 1204 Ansel Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 3
Rooms: Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 8, Laundry Room, Basement, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 1
Parking features: Off Street
Appliances: Dryer, Microwave, Range, Refrigerator, Washer
Standard status: Active
APN: 107-11-026
Size: 2,658 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 384 STENGER 0003 ALL
Tax Annual Amount: 920

Utilities

Sewer type: Public Sewer
Heating system: Forced Air
Cooling system: Ceiling Fan(s)
Water source: Public

Building Details

Year built: 1910
Floors in Building: 3
Building materials: AluminumSiding
Roof type: Asphalt

We can help!

Listing Contact

Iris Wheeler

Listing agent Iris Wheeler License #2021002542

Listing office Keller Williams Greater Cleveland Northeast 7400 Center Street, Mentor, OH

Listing date Apr 25, 2026

MLS# 5204169 Listing URL

HighLights

High Cap Rate: Property delivers over a 10% cap rate, presenting a strong investment opportunity.
Immediate Income: One unit is already occupied with a long‑term tenant (20+ years) providing consistent rental income.
Updated & Move‑in Ready: The second unit has been updated and is ready for a new tenant, maximizing rental potential.
Spacious Units: Both units are very spacious with 4 bedrooms each, offering ample living space.
Prime Location: Conveniently located minutes from the Cleveland Clinic, downtown Cleveland, and major freeways.
Lead Safe Certified: Property is Lead Safe certified.

Overview

This side-by-side duplex in Cleveland, OH, presents a strong investment opportunity with immediate income potential. One unit is currently occupied by a long-term tenant of over 20 years, generating a monthly rental income of $1558 on a month-to-month lease. The second unit has been updated and is move-in ready, advertised for rent at $1600. Both units are spacious and filled with natural light, featuring a well-designed layout with a large living room, dining room, and kitchen on the first floor. Each unit offers 4 generously sized bedrooms; one unit includes 2 full bathrooms, while the other offers 1 bathroom. The updated unit showcases neutral finishes and includes an additional bonus room. The property is ideally located just minutes from the Cleveland Clinic, downtown Cleveland, and major freeways, offering exceptional convenience for tenants. Easy access to public transportation simplifies commuting, adding to the rental appeal. The property is Lead Safe certified. With the current and projected rental income, this property delivers over a 10% cap rate, making it an excellent addition to any investor's portfolio. The property size is 2658 square feet and the lot size is 0.0918 acres.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.625371
Latitude: 41.522314

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For sale
Duplexes
OH
Cleveland
44108
1204 Ansel Road

What type of property is this?

Duplex - Side-by-side duplex near Cleveland Clinic with immediate income.

Where is this duplex located?

The property is located at 1204 Ansel Road Cleveland, OH.

What is the asking price?

The asking price for this property is $274,900.

What are key features of this property?

This property features: High Cap Rate: Property delivers over a 10% cap rate, presenting a strong investment opportunity.; Immediate Income: One unit is already occupied with a long‑term tenant (20+ years) providing consistent rental income.; Updated & Move‑in Ready: The second unit has been updated and is ready for a new tenant, maximizing rental potential.

1204 Ansel Road, Cleveland, OH 44108

MULTI_FAMILY - Cleveland, OH

Property Features for 1204 Ansel Road

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Remodeled Six-Plex on Dead-End Street

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Versatile Commercial Space, Cleveland

Turnkey Triplex in South Collinwood

Turnkey Entertainment Venue Opportunity

Spacious Cleveland Duplex Investment Opportunity

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